What Federal Contractors Need to Know about Self-Insurance – Part 2

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As insurance premiums continue to rise rapidly, many contractors are opting to self-insure. While this may seem like a grand idea, there are stipulations that should be carefully studied and applied prior to implementing such a plan. part one of this blog series advised that, in order to maintain a self-insurance plan, a contractor must first provide a written proposal to an administrative contracting officer (ACO) and obtain approval for the plan.

Assuming approval has been obtained, the costs should then be evaluated for compliance with Federal Acquisition Regulations (FAR) Part 31.205-19 and the contractor should measure, …read more

Read more here:: Government Contracting

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